Question

Q-
from the details below, calculate the amoud of medicinal consumed
for the year ended 31t December, 2018

Particular
Stock on Medicine January 10
2018 20,000
Creditor of Medicine January or
2018 15000
Amount paid for Medicine, during the year
18480

Particular
Stock of Medicines in December
31, 2018 11400
Creditors of Medicine on
December 31, 2018
7,200​

Answer 1

Answer:

Amount of medicine consumed -

Amount paid for medicine = 18480

(-) creditors for jan.2018. =. 15000

(+) creditors for dec.2018 = 7200

purchase of medicine =. 10680

(+) opening stock. = 20000

(-) closing stock. =. 11400

medicine consumed = 19280

Answer 2

Amount of medicine consumed -

Amount paid for medicine = 18480

(-) Creditors for jan.2018 = 15000

(+) Creditors for dec.2018 = 7200

Purchase of medicine = 10680

(+) Opening stock. = 20000

(-) Closing stock. = 11400

Medicine consumed = 19280